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Search Results 0 to 21 of about 22 (some duplicates have been removed)
with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and co
to the white house this afternoon to meet there with president obama. lawmakers are increasingly looking at the period following the december 31st deadline we're told to come up with a fix to avoid massive tax hikes and spending cuts, affect lives of nearly every american many economists say could plunge the economy into another recession. chief white house correspondent ed henry live with the latest. so in this meeting, ed, is there any hope they will accomplish anything? >> reporter: well it is pretty low expectations, jon. what we're expecting when you talk to top officials of both parties the president will offer a scaled back plan, something he laid out lines friday before christmas here in the white house briefing room before he went to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for everyone else. secondly extend unememployment insurance for about two million people who will be losing it a few days from now at the end of the year. finally he refer to possibility of smaller bit ever spendin
with the fiscal cliff. g-o-p senators say they will meet with president barack obama tomorrow. this as members of the u-s house are set to return to washington on sunday -- just one day before the deadline to pass budget deal. if congress does not reach a fiscal deal before monday's deadline, automatic tax increases and steep spending cuts will take effect. an in depth look at where everything stands right now -- and we'll be talking live with our political analyst -- tonight at 5:30 >> breaking news. retired general norman schwarzkopf has died in tampa, florida. known as 'stormin norman' because of his explosive temper, he commanded the u.s.-led international coalition that drove saddam hussein's forces out of kuwait in 19-91. he lived in retirement in tampa, where he had served in his last military assignment as commander-in- chief of u-s central command. that is the headquarters responsible for u.s. military and security concerns in nearly 20 countries. he was 78. no one was hurt. storm on the way. >> borrowers, that took out a loan. could possibly have found some issues. dan kerman turks o
but little evidence there is late word of a meeting tomorrow between president obama and congressional leaders. the full senate reconvened today. the president ended his vacation in hawaii early, flying back to washington this morning. but he made no public statements. if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter: jeff, democratic aides tell cbs news that senate majority leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. n
. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 and under. and an extension of long-term unemployment benefits. and that's of course for the long-term unemployed as well as what's known as a dock fix which has to do with medicare payments to doctors. that's where we are. we don't expect anything big in the next 24 hours, but this is after all washington. so stay tuned right now, it's time for piers morgan tonight. >> tonight, tyler perry is a successful writer, director, actor. >> she told me you're the best interviewer in the world, so i'm worried. he is also an entrepreneur, with his own movie studio >> his movies have grossed over $600 million. >> it means i get to reinvest in what i do and i'm able to hire a lot more people. >> and he knows how to wear a dress. have you ever
connell. senator reid says he is awaiting good faith proposals from the republicans. president obama said after the meeting he is modestly optimistic a deal can be reached. and an extension of long-term unemployment benefits. and that's of course for the long-term unemployed as well as what's known as a dock fix which has to do with medicare payments to doctors. that's where we are. we don't expect anything big in the next 24 hours, but this is after all washington. right now, it's time for piers morgan tonight. >> tonight, tyler perry is a successful writer, director, actor. >> she told me you're the best interviewer in the world, so i'm worried. >> his movies have grossed over $600 million. >> it means i get to reinvest in what i do and i'm able to hire a lot more people. >> and he knows how to wear a dress. have you ever thought you were going to be world famous for cross dressing. >> never in a million years. even the first time i did it, i didn't think it would last as long as it did. >> the greatest gift in my life is what my audience has given me. >> and she's a fine girl. brandy back to
. now to candy. >>> happening now, new details of the meeting between president obama and congressional leaders for what could be a last-ditch effort to avoid the fiscal cliff. >>> families in the making ripped apart. russia officially bans the adoption of russian children by americans. >>> and for the second time in a month, a man pushed to his death from a new york city subway platform in the path of an oncoming train. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> all eyes on that white house this hour. and the meeting that may be the last best chance to keep the country from going over the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would l
the president tried for weeks to get agreement on plan "a," $4 trillion debt creel. mr. obama has taken initiative to bring plan "c" to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring congressional leaders together to get at least a small deal together before the new year to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he did
days left until the fiscal president obama says he is "modestly optimistic" that a the fiscal cliff.. he met with congressional leaders at the white house today. calling the meeting 'good and constructive. update.saying people just don't understand in just a couple of days people's paychecks are going to be considerably smaller and that would be the wrong the thing to do for our economy and middle- class families and bad for businesses that depend on family spending. >> catherine: if there's no deal by midnight on the 31st. a series of tax hikes and spending cuts will automatically kick in. our political analyst michael yaki is here. we are getting a little bit of the detail what are you hearing? >> the latest news is that they are coalescing around a tax increase only of $400,000 in income. there will also patch the and, and haggling on the estate tax. and possibly the fix for doctor's reimbursement for senior medical services. for medicare. and extending unemployment benefits and also heckling if they're going to continue the $50 billion for domestic defense spending for later. th
the start of the new year, it's put up or shut up time for congressional leaders. president obama addressed reporters from the white house this evening. roughly an hour after meeting with leaders of the house and senate. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- what
of an hour-long meeting with congressional leaders. sources close to the talks say mr. obama gave lawmakers two options. either come up with a bill that can pass both houses or allow a vote on his plan which among other things would extend unemployment benefits and tax breaks for those making $250,000 or less while allowing rates to raise on wealthier americans. something many republicans oppose. on capitol hill, glimmers of hope. >> we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. everybody, this is -- whatever we come up with is going to be imperfect. >> reporter: a republican aide said house speaker john boehner is awaiting senate action before weighing in. earlier in the day, some republicans blamed the president for the impasse. >> i agree that it is the president's responsibility to lay out a plan and to bring people together. but it's a total dereliction of duty, and candidly a lack of courage to deal with these issues. >> reporter: th
with president obama on the fiscal cliff crisis tomorrow on "meet the press." >>> want to check the morning's other top stories from jenna wolfe. good morning. >>> good morning, hi, everyone. over $60 billion of aid to victims of hurricane sandy is hanging in the balance this morning. the senate passed an emergency spending package last night, but the house has yet to vote. republicans want a smaller bill. more than a half million homes and businesses were damaged or destroyed in the october storm. >>> former president george h.w. bush is in intensive care this morning, but his spokesman says he's improving. nbc's gabe gutierrez is outside the hospital in houston for us. good morning. >> reporter: enagood morning to you. as you mentioned, the former president is here at methodist in the intensive care unit. he's improving. the family spokesman now says that his exchanges with doctors and nurses include singing. now the 41st president of the united states went to the hospital in early november for bronchitis. he was released after a few days but then returned after thanksgiving after develop
many people speaking. again, we heard from president obama this morning talking about how important it is to try and get a deal done this week. >> you meet your deadlines, your responsibilities every single day. the folks you sent here to serve should do the same. we cannot let washington politics get in the way of america's progress. we've got to do what it takes to protect the middle class, grow this economy, and move our country forward. >> that was the president's weekly address. that was the very end of that address. and you know, everyone talks about these deadlines. but congress does have a way of pushing those back. so let's talk about that quickly. december 31 at midnight is technically the fiscal cliff deadline. after that is when taxes would go up for most americans. but because january 1 is a federal holiday, that buys congress one day and also january 2 they could use, as well, buying time all the way till january 3 when the new congress comes in. there's deadlines and then there's deadlines. >> although you wind up seeing the market reaction after new year's day. waiti
'm hopeful and optimistic. >> that is senator mitch mcconnell reacting after a meeting after which president obama charged him and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy's growing. but sustaining that
-called fiscal cliff. they spoke on the senate floor after a meeting with the white house with president obama and leaders from the house. >> what the plan is that everyone knows we have been to the white house, we have had a constructive meeting. we certainly hope that something positive will come from that. the republican leader and i and our staffs are working to see what we can come up with. we should not take a long time to do that. i think it would be to everybody's interest if we were not in session tomorrow. my plan to comment at 1:00, we have an hour on our previous agreement that we have. there is an hour of debate on that, we have a vote. we have another vote that has been set up, that is a simple majority. that you are talking about sunday? >> yes. >> we will probably start those votes a little after 2:00. and then for us, we will have another caucus. hopefully by that time, we will have made a determination whether we can do something on the floor in addition to what we have just talked about. i think we need that time to have everybody kind of step back a total bit. is some what
obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction
it? we keep talking about the meetings betweenby ma and boehner, one of which hasn't happened in a few days but it really isn't a deal between obama and boehner. those two guys say what they want, boehner goes back to his caucus and can't get a deal. >> that's why a bipartisan majority is absolutely necessary, if the senate bill is brought to a vote on the house floor, it will be passed by a majority of democrats and some republicans, but the speaker wasted last week on a bill that had no prospect of success, in fact never even was brought to a vote and now we're down to the last few days. the deal to extend these tax cuts on everyone's first $250,000 of income, remember it's benefits people who earn more than $250,000 because it extends tax cuts on their first $250,000. so somebody earning $300,000 or $350,000 in connecticut will benefit from it. >> senator, ron brownstein wants to ask a question. >> let me play devil's advocate when the tax cuts were passed in 2001 virtually every democrat in the house and senate voted against them. why do you think it's appropriate to perma
. they saved my life and the life of four others who were at that meeting. gregg: another fox news alert. this new development in the fight over the fiscal crisis as lawmakers head home for the holidays. there are reports president obama is scaling back his hope for a sweeping budget bargain with republicans. welcome to a brand new hour of "america live". i'm gregg jarrett. heather: i'm heather childers. we're in for megyn kelly. the president reportedly looking to strike a smaller deal that would extend tax cuts for the middle class without tackling spending cuts as reports surfaced that the president hasn't spoken with speaker boehner since he expressed his frustration at a news conference on friday. take a listen. >> we passed a bill to stop all the tax hikes on the american people scheduled to take effect january the 1st and we did that on august the 1st. and we proposed plans over and over again that democrats used to support but now they won't. heather: chief white house correspondent ed henry is live for us in honolulu. that is where the president ising christmas with his family.
Search Results 0 to 21 of about 22 (some duplicates have been removed)